Europe, with a few partial and unhappy exceptions, has enjoyed ten years
of peace, during which all her Governments, whatever the theory of their
constitutions may have been, are successively taught to feel that the
end of their institution is the happiness of the people, and that the
exercise of power among men can be justified only by the blessings it
confers upon those over whom it is extended.
During the same period our intercourse with all those nations has been
pacific and friendly; it so continues. Since the close of your last
session no material variation has occurred in our relations with any one
of them. In the commercial and navigation system of Great Britain
important changes of municipal regulation have recently been sanctioned
by acts of Parliament, the effect of which upon the interests of other
nations, and particularly upon ours, has not yet been fully developed.
In the recent renewal of the diplomatic missions on both sides between
the two Governments assurances have been given and received of the
continuance and increase of the mutual confidence and cordiality by
which the adjustment of many points of difference had already been
effected, and which affords the surest pledge for the ultimate
satisfactory adjustment of those which still remain open or may
hereafter arise.
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